Keychain2Go is a Password Manager and sync solution.

Store all your passwords, credit card information and other private information in one secure place, strongly encrypted and secured by a master password.
Keychain2Go is a password manager that can sync to your keychain on your Mac or other iOS devices. It is the missing link for Keychain sync between iOS Devices and or Macs. Finally you can access, sync and change your Keychain on multiple devices (Macs and iOS).
The iPhone application enables you to access, create and modify note, internet and application keychain items, while the Mac version shares your local keychain to other instances of Keychain2Go - either Mac or iOS.
Keychain2Go lets you store your valuable passwords and notes in a secure way and sync them with other devices (Mac and iOS) running Keychain2Go.

You can now create a new password for every website you want to access without using the same password again or forget one of them. The entries you create are stored encrypted and can only be decrypted by your master password.

Security is created by storing the passwords using known algorithms like PBKDF2, SHA1, RC4 and AES.